BENGALURU -- Indian natural resources conglomerate Vedanta Group, controlled by billionaire Anil Agarwal, is exploring joint ventures with Japanese, Taiwanese and South Korean companies as part of its $15 billion investment plan to start chip and display manufacturing in India, a senior executive in the group told Nikkei Asia.
Vedanta is in talks to set up JVs with companies including Japan's Sharp, South Korea's Samsung and LG and Taiwan's Innolux for display manufacturing. Foxconn and Taiwan Semiconductor Manufacturing Co. (TSMC) are among the potential partners for a chip manufacturing deal.
